Seshaasai Technologies Ltd

AGM and AR update

• Dispatch of letter with weblink and QR code for the FY 2025-26 Annual Report and AGM notice.
• 33rd AGM scheduled for 16 September 2026 at 10:00 IST via Video Conferencing/OAVM.
• Electronic copy of Annual Report will be sent to registered email addresses; otherwise accessible on company website.
• Annual Report and AGM notice available on company website, MUFG Intime (RTA), BSE, and NSE.
• Final dividend for FY 2025-26 proposed at ₹2.50 per equity share of ₹10 face value.
• Record date for dividend: 18 August 2026.
• Dividend payment date: On or after 16 September 2026, subject to AGM approval.
• E-voting window: 12 Sep 2026 09:00 to 15 Sep 2026 17:00 IST; cutoff: 9 Sep 2026.
• Speaker registration for AGM: 8–11 September 2026.
• Queries regarding financial statements to be sent by 9 September 2026 to company secretary.

AGM details

• Date/time: 16 September 2026 at 10:00 IST, via VC/OAVM.
• Mode: Video Conference / Other AudioVisual Means.
• Record date for dividend: 18 August 2026.
• Cut-off date for e-voting: 9 September 2026.
• Remote e-voting window: 12–15 September 2026.
• No proxies; meeting conducted through VC/OAVM.

Dividend & tax timing

• Dividend proposed: 2.50 per equity share (face value 10).
• Dividend payable subject to AGM approval.
• Record date for entitlement: 18 August 2026.
• TDS applies; forms due by 21 August 2026.

Resolutions proposed (ordinary and special)

• Ordinary: Adoption of standalone financial statements.
• Ordinary: Adoption of consolidated financial statements.
• Ordinary: Final dividend declaration.
• Ordinary: Re-appointment of director retiring by rotation.
• Ordinary: Commission to Non-Executive Directors up to 1% of net profits.
• Special: Appointment of Secretarial Auditor for five years; Rs 75,000 p.a.
• Special: Remuneration to Mr Shah exceeding 50% of total remuneration.
• Special: Amend Articles to insert 94(p) for dividend waiver.
• Special: Waiver of dividend rights by Members.

Directors & Secretarial Auditor

• Director changes: Re-appointment of Jayeshkumar Shah (retiring by rotation).
• Secretarial Auditor: Pauravi Kairav Trivedi appointed for five years (Apr 1, 2026–Mar 31, 2031) at Rs 75,000 p.a.

Related party transactions / other approvals

• Material related party transactions: not disclosed in this filing.
• Articles of Association amendments enable dividend waiver; special resolution required.

Financials

• Standalone revenue from operations: ₹14,405.58m; Consolidated ₹14,411.35m in FY2025-26.
• PAT: Standalone ₹2,437.35m; Consolidated ₹2,400.10m, up YoY.
• Standalone EBITDA margin: 27.35%; PAT margin: 16.65%.
• EPS (Standalone): ₹15.70; EPS (Consolidated): ₹15.45.
• IPO proceeds utilised ₹4,055.20m; total ₹6,000m raised; borrowings repaid.
• Net debt to equity: -0.23x (Standalone and Consolidated) as at 31 Mar 2026.
• Revenue mix: three verticals—Payment Solutions, CFS, IoT; top customers concentration ~62.7%.
• Top 10 customers contributed 62.69% of FY2025-26 revenue; 1,144 customers served.
• Equity share capital post-IPO: ₹1,618.06m; 16.1805 million shares issued.
• Final dividend proposed: ₹2.50 per share; record date 18 Aug 2026.

Capital structure & liquidity

• Total cash and bank balances plus equivalents stood at ₹4,157.11m (consolidated).
• Gross borrowings declined to ₹769.33m; debt-to-equity ratio stood at 0.05x.
• IPO proceeds largely used to repay borrowings; strong liquidity post-IPO.
• Capital expenditure plan for FY2026-27: ₹1,400–1,600m; phased deployment.
• Record date for dividend: 18 August 2026; dividend payable after AGM.

Growth & operations

• Three verticals: Payment Solutions, CFS, IoT Solutions; cross-sell opportunities.
• Atoll Solutions acquired; strengthens RTLS and real-time location capabilities.
• IoT revenue grew ~45% in FY2025-26; RFID capacity 70% citywide, up to 80–85% Q4.
• Investing in izeIoT, RUBIC, IOMS; AI and automation across operations.
• Metal cards premiumisation and offline CBDC work with NPCI and banks.

Dividend & capital allocation

• Final dividend proposed for FY2025-26: ₹2.50 per share; record date 18 Aug 2026.
• Earlier year final dividend: ₹1.15 per share (FY2024-25).
• IPO and pre-IPO proceeds deployed for debt repayment, capex, and general corporate purposes.

Governance & risk

• Board: 6 directors; 3 independent; familiarisation and governance framework disclosed.
• Statutory auditors: M/s Vatsraj & Co; Secretarial Auditor: Ms. Pauravi Kairav Trivedi appointed for 5 years.
• Risk Management Committee constituted; internal controls assessed; no material control weaknesses reported.
• Related party transactions disclosed; RPT policy on company website.

CSR & sustainability

• CSR expenditure: ₹45.03m; average net profit ₹2,199.21m; 2% CSR obligation ₹43.98m.
• CSR activities: Education ₹12.00m; Health ₹30.53m; Rural development ₹2.50m.
• CSR governance and policy details available on the company site.

People & governance

• Permanent employees: 874 as at March 31, 2026.
• Management focus on capability building, leadership development, and cross-functional collaboration.
• Affirmations of compliance with Code of Conduct by board and senior management.

AGM Details

• AGM scheduled for Sept 16, 2026 at 10:00 IST via Video Conferencing / Other Audio Visual Means.
• Record date fixed as Aug 18, 2026 for dividend eligibility.
• Dividend proposal: 25% (₹2.5 per share) for FY2025-26, subject to shareholder approval.
• Dividend to be paid on or after Sept 16, 2026, after deduction of tax at source.

Issue Overview

• Type: IPO and Pre-IPO; securities: equity shares.
• Total issue size and net proceeds reported; no material revision or undersubscription observed.
• Main objectives: IPO funds for capex expansion, general corporate purposes, and debt repayment; Pre-IPO for GCP and debt repayment.

Utilisation of Proceeds

• IPO capex: 618.21 used; 1,360.92 unutilized; Rs 142.90 transferred for operations and fully utilized by quarter end.
• IPO debt repayment: 2,299.98 utilized; no unutilized balance.
• IPO GCP: 211.64 utilized; fully utilised.
• IPO issue expenses: 290.74 utilized; 18.54 unutilized; used for BRLM and IPO costs.
• Pre-IPO debt repayment: 700.02 utilized; nil unutilized.
• Pre-IPO GCP allocated: 458.61; 137.27 utilised; 321.34 unutilised; balance planned for FY2027.

Governance and Compliance

• Approvals: management undertaking and statutory auditor's certificate; some items not explicitly documented by board.
• Delay in capex implementation acknowledged; macro factors caused staggered deployment.
• No material adverse events reported; no liens on unutilised proceeds; interest income excluded from MA scope.

GCP

• IPO GCP used: 211.64; fully utilised.
• Pre-IPO GCP allocated: 458.61; utilised 137.27; balance 321.34 unutilised; planned for FY2027.
• Board approval for allocation not explicitly documented.

Meeting Details

• Date: August 13, 2026; Time: 09:00 am to 04:00 pm.
• Meeting type/location: In-person, Mumbai.
• Conference/organiser: Emkay Confluence 2026 - India: Full Throttle Ahead.

Participants

• Company representation: Company Secretary and Compliance Officer.

Purpose

• Purpose: Discussion on industry/company developments already in public domain.

Additional Notes

• Investor interactions expected to be group as well as one-on-one.

Meeting Details

• Date: July 24, 2026; time not disclosed.
• Event: Q1 FY27 Earnings Conference Call; organiser: Seshaasai Technologies Limited.
• Type/Mode: Audio recording of earnings call; not a physical event.

Participants

• Key company participant: Company Secretary and Compliance Officer.

Purpose

• Purpose: disclose availability of Q1 FY27 earnings conference call recording.

Availability

• Recording available on company website; no URL provided.

Dematerialisation processing and listing

• Dematerialisation requests were processed and confirmed to the depositories.
• Securities dematerialised were listed on the stock exchanges where prior securities are listed.
• Physical certificates were mutilated and cancelled after verification, with the depository registered as owner within prescribed timelines.